Virtus Investment Partners, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 07:00 am EDT
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Virtus Investment Partners, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 219.27 million compared to USD 210.26 million a year ago. Net income was USD 30.91 million compared to USD 31.68 million a year ago. Basic earnings per share from continuing operations was USD 4.26 compared to USD 4.33 a year ago. Diluted earnings per share from continuing operations was USD 4.19 compared to USD 4.25 a year ago.
For the nine months, revenue was USD 630.68 million compared to USD 688.01 million a year ago. Net income was USD 99.79 million compared to USD 82.14 million a year ago. Basic earnings per share from continuing operations was USD 13.72 compared to USD 11.05 a year ago. Diluted earnings per share from continuing operations was USD 13.5 compared to USD 10.76 a year ago.
Virtus Investment Partners, Inc. provides investment management and related services to individuals and institutions. The Company offers investments strategies for individual and institutional investors in different investment product structures and through multiple distribution channels. The Company provides various asset classes (equity, fixed income, multi-asset and alternative), geographies (domestic, global, international, and emerging), market capitalizations (large, mid, and small), styles (growth, core, and value) and investment approaches (fundamental and quantitative). Its retail products include open-end funds and exchange traded funds (ETFs), as well as closed-end funds and retail separate accounts. Its institutional products are offered through separate accounts and pooled to a variety of institutional clients. The Company also provides sub advisory services to other investment advisers and serve as the collateral manager for structured products.
VIRTUS INVESTMENT PARTNERS, INC. 
